Archive for August, 2009

Broker Nightmare: Review for the Forex Broker Nightmare Tool

The broker Nightmare Review: As we all know, the Forex markets are a very profitable place where you can invest your money. The profit potentials are very high and trading volumes are huge. There are many players involved in the Forex Trading Industry, but one of the most important players in currency trading are forex brokers. They sort of act as middlemen for us Forex traders.

In general, we have to TRUST our brokers to act in the best of faiths, and on our best interest all the time. But as you know, in a market as huge and as profitable as the currency trading markets, trust is not what we can imply, and should not be what we should count on. No mater how honest your Forex broker is, he or she maybe sometimes tempted to do some few fishy things behind your back. That is why the broker Nightmare was created: to simply monitor your broker and insure that none of your Forex profits are stolen from you by an unscrupulous Forex broker, who maybe bending the rules now and the just to takeout money from where they didn’t put. .

The Forex broker Nightmare is simply a new tool that can insure that we get our honest dealings with our brokers and can greatly protect your Forex profits. With this tool you can teach an unscrupulous broker a bitter lesson. By insuring that they do not temper with your Forex trading strategy or widening your spreads or even triggering your stop loss orders.

What The Forex broker Nightmare dose for you is it helps you protect your trading strategies from the eyes of greedy forex brokers and also guides that the broker doesn’t automatically changes their spread to make more commissions!

You maybe are loosing much money in the Forex markets, but it may not be because of a bad trading strategy or bad luck, it may just be because your broker is a thief! That is what Forex broker Nightmare can help you with!

Do You Want To Stat Protecting Your Forex Profits From Unscrupulous forex brokers? Click on the Following Link to Instantly Download the: Forex Broker Nightmare Tool

Article Source:http://www.articlesbase.com/currency-trading-articles/broker-nightmare-review-for-the-forex-broker-nightmare-tool-1107830.html

Newly Discovered Candlestick Reversal Pattern Pops Up Again

I believe that it was early in January 2009 when we first took notice of a Candlestick pattern at the top of an uptrend in the Dow Industrials Index.  It caught our attention because of its location and because of its similarity to the bearish “Evening Star” reversal pattern, which is well-documented in the literature.  We wondered, at the time, whether the pattern which we were examining might possess some of the bearish characteristics of the Evening Star.

I need to tell you the ways in which the two patterns are similar, and in which ways they differ.

The Evening Star (the “classic”) is recognized only at the top of an uptrend.  It consists of three Candlestick price bars, the first of which will be a tall white candle, signifying a strong “up” day.  The second, or middle, bar will have a small “real body,” denoting a relatively tight range of prices between the Open and the Close; and the “real body” (the “Star”) of that middle Candle will be at, or near, the top of the tall white Candle.  The third price bar will be a tall black Candle, denoting a strong “down” day.  The three price bars (“Candles” or “Candlesticks”), all together, comprise the “Evening Star,” which is considered to be bearish.

The “new” pattern which we first identified on that day back in January differed from the Evening Star in that it contained not one, but two, Stars between the tall white Candle and the tall black Candle.  We wondered and waited.

Sure enough, Dow Industrials prices declined rapidly over the next eight trading days; and over time, prices declined all the way to the major low on March 6. We were now sure enough of our ground that we identified this variation on the Evening Star as a new pattern in its own right, and gave it the name “Osaka Clipper.”

Now we see another example of the pattern, this time in the British Pound, and somewhat skewed; so the example is far from perfect.  For reinforcement, we have in mind our belief that the Pound is overbought and due for a decline.

We will keep our eye on this present pattern and see how it behaves.  If it works well by way of displaying the qualities of a legitimate bearish reversal pattern, we’ll keep it and will confirm it as an “Osaka Clipper” in good standing.  If it doesn’t work, we’ll write it off as having been so skewed as not to have been an “Osaka Clipper” at all.

.,.,.,.,.

William Kurtz

August 6, 2009

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William Kurtz
info@candlewave.com
CandleWave, LLC

Article Source:http://www.articlesbase.com/currency-trading-articles/newly-discovered-candlestick-reversal-pattern-pops-up-again-1104615.html